Breaking Tech: Jul 23 (5 stories)
Thursday, 23 Jul 2026 Daily Technology GLOBAL
Here is your Daily summary for Technology across the world for Thu 23rd July 2026
Alphabet's cloud computing division has reported a staggering $514 billion backlog of contracted work, highlighting strong demand driven by the AI sector. This backlog indicates significant growth potential for Google's cloud services, which are increasingly vital for AI applications. Meanwhile, OpenAI is set to invest over $30 billion in a new data center in Georgia to meet the rising demand for its AI software, underscoring the competitive landscape in the industry. Additionally, ServiceNow's robust sales and bookings reflect optimism around AI-driven growth. As the tech IPO market heats up, experts suggest we may be entering a "golden age" for technology public offerings, signaling renewed investor interest.
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Google Says Cloud Services Backlog Expands to $514 Billion
Bloomberg Technology 22 Jul 2026, 8:54pmAlphabet Inc. said its cloud computing unit had a $514 billion backlog of contracted work that hasn’t been recorded as revenue yet, signaling robust demand for its services that underpin the artificial intelligence boom.
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OpenAI Plans to Spend Over $30 Billion on Georgia Data Center
Bloomberg Technology 22 Jul 2026, 1:00pmOpenAI plans to spend tens of billions of dollars on a massive new data center near Savannah, Georgia as part of the ChatGPT maker’s push to keep up with surging demand for artificial intelligence software.
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ServiceNow Posts Strong Sales and Bookings, Touts AI Strength
Bloomberg Technology 22 Jul 2026, 8:17pmServiceNow Inc. reported better-than-expected quarterly sales and bookings, boosting Wall Street’s hopes that the software maker’s new artificial intelligence tools will spur growth.
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‘Golden Age’ Dawns for Technology IPOs, Barclays Banker Says
Bloomberg Technology 22 Jul 2026, 7:05pmThe market for initial public offerings in the technology sector is entering what Barclays’ Jamie Turturici, head of TMT equity capital markets, called “a golden age” as a slew of companies head for public markets.
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OpenAI President Says Kimi K3 ‘Pretty Good,’ Unsure If Distilled
Bloomberg Technology 22 Jul 2026, 7:31pmOpenAI President Greg Brockman acknowledged that Moonshot AI had developed a competitive new artificial intelligence model and said he wasn’t sure whether the Chinese firm had piggybacked on the ChatGPT maker’s technology.